Stifel has revised its price target for Analog Devices (ADI, Financial), lowering it from $275 to $225 while maintaining a Buy rating. This adjustment comes as the firm anticipates potential impacts from tariffs affecting the Analog, Connectivity, and Processors sector.
Stifel's analysis suggests that results for the March quarter will meet expectations, but there are concerns about a weaker performance forecasted for the June quarter. The uncertainty surrounding tariffs, particularly in terms of their extent and duration, contributes to this outlook.
The firm also highlighted growing concerns that the broader semiconductor industry could be on the brink of a cyclical downturn, with these tariff-related issues playing a significant role. This view underscores the increased caution as the industry prepares for the next earnings season. Despite these challenges, Stifel continues to see long-term value in Analog Devices' shares.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for Analog Devices Inc (ADI, Financial) is $246.97 with a high estimate of $300.00 and a low estimate of $192.00. The average target implies an upside of 40.38% from the current price of $175.93. More detailed estimate data can be found on the Analog Devices Inc (ADI) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, Analog Devices Inc's (ADI, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Analog Devices Inc (ADI, Financial) in one year is $176.26, suggesting a upside of 0.19% from the current price of $175.93. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Analog Devices Inc (ADI) Summary page.
